Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    000 Old Bainbridge Rd Marion, IL 62959

    • Land
    • 38.93 lot acres
    For Sale
    View listing
    $778,600
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 000 Old Bainbridge Rd

    Lot size
    38.93 lot acres
    Property type
    Land

    Description

    This exceptional 38.93-acre commercial land parcel presents a unique investment opportunity in Marion, Illinois. Strategically located west of Marion and south of Deaconess Hospital (formerly Heartland Hospital), this property boasts significant road frontage and is ready for immediate development. Utilities are readily available, with water and sewer already on-site. The expansive acreage offers considerable potential for a variety of commercial ventures, benefiting from its proximity to a major medical facility and its convenient location within the city. The absence of any existing structures allows for complete design flexibility and customization to suit specific development plans. This is a rare opportunity to acquire a large, well-situated commercial lot in a growing area. The property is being offered for sale by owner at $778,600. Its ideal location and existing infrastructure make it an attractive prospect for developers seeking a prime location for new construction. The address is 000 Old Bainbridge Road, Marion, IL 62959. This property is zoned for commercial use and offers excellent potential for a high return on investment. Serious inquiries are encouraged. The seller is motivated and open to reasonable offers. Don't miss this chance to secure this valuable piece of commercial real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9932
    Latitude
    37.738

    Comparable in this City

    • Value Estimation by Request
      7.20 Acres

      1605 Yearack Dr

      Land • 7.20 Acres
      1605 Yearack Dr, Marion, IL 62959
      View Details
    • Value Estimation by Request

      1602 Morgan Ave

      Land
      1602 Morgan Ave, Marion, IL 62959
      View Details
    • Value Estimation by Request

      2801 17Th St

      Medical offices
      2801 17Th St, Marion, IL 62959
      View Details
    • Value Estimation by Request

      1106 Phemister Ln

      Land
      1106 Phemister Ln, Marion, IL 62959
      View Details
    • Value Estimation by Request

      1505 Scottsboro Rd

      Land
      1505 Scottsboro Rd, Marion, IL 62959
      View Details
    • Value Estimation by Request

      1110 Ct Ave

      Office Properties & Spaces
      1110 Ct Ave, Marion, IL 62959
      View Details

    Similar Nearby for Sale

    • $425,000

      Prime Marion, IL Commercial Land

      High-visibility warehouse lot, $425,000
      2011 Morgan Ave, Marion, IL 62959
      View Details
    • $270,000

      Prime Marion Commercial Land

      Two lots, ideal development opportunity.
      1505 Scottsboro Rd, Marion, IL 62959
      View Details
    • $3,650,000
      36.60 Acres

      Prime Marion Commercial Land

      36.6 Acres, Ready for Development
      1408 Longstreet St, Marion, IL 62959
      View Details
    • $778,600
      38.93 Acres

      Prime Marion Commercial Land

      38 Acres, Ready for Development
      000 Old Bainbridge Rd, Marion, IL 62959
      View Details
    • $2,500,000
      7.20 Acres

      Prime Marion Commercial Land

      7.2 Acres, High-Traffic Location
      1605 Yearack Dr, Marion, IL 62959
      View Details
    • $1,100,000
      2.57 Acres

      Prime Marion Commercial Land

      2.5 Acres, High Traffic Area
      904 Halfway Rd, Marion, IL 62959
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Skyline Drive Commercial Land & Office

      9,000 sq ft Office Building, Excellent Location
      812 Skyline Dr, Marion, IL 62959
      View Details
    • Contact for pricing
      2,780 SF

      Marion Warehouse/Office Space

      Move-in Ready Office & Warehouse
      900 Skyline Dr, Marion, IL 62959
      View Details
    • Contact for pricing

      Commercial Land Build-to-Suit Opportunity

      Commercial land available for build-to-suit office space.
      Office Park Dr, Marion, IL 62959
      View Details
    • Contact for pricing
      149,672 SF

      Oasis South: Prime Retail Space

      Williamson County Shopping Center; Spaces Available
      0 Il-13, Marion, IL 62959
      View Details
    • Contact for pricing
      8,366 SF

      Marion Retail Space Available

      Prime storefront, ample parking, high visibility
      709 Main St, Marion, IL 62959
      View Details
    • Contact for pricing

      Commercial Space Near Highway 13

      Two commercial suites available for lease near Highway 13.
      900 Skyline Dr, Marion, IL 62959
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    000 Old Bainbridge Rd
    Marion, IL 62959
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.